But you fail to mention that tax penalties are also used for this purpose.
"Now it's difficult to do because there are tax penalties."
He was a decent sort, but had been given up for a tax penalty a year before.
There could be steep tax penalties for refusing to do so.
And imagine that a costly tax penalty is being suspended for three years.
And if the investors are not about to turn 60, they also face a big tax penalty.
Beginning in 2014, most Americans will be required to buy insurance or pay a tax penalty.
This will reduce the current tax penalties on investment in industry.
Retirees and current employees cannot move their savings out of 457's without tax penalties.
However, these tax penalties will have a negative impact on families.